Aon's Combined Insurance will be sold to ACE for $2.4 billion and Munich Re is buying its Sterling unit for $352 million.
Despite the credit crisis, the job market at large financial advisory firms is expected to be strong in 2008, according to a recent Claymore Partners LLC survey.
Elder-law attorneys are concerned that the new year will bring new rules in a number of states regarding how — and if — immediate annuities can work with Medicaid eligibility and planning.
The mind-set of clients presents a significant stumbling block to advisers who recommend annuities as a retirement-planning tool.
The November rise marks the largest monthly increase in two years, according to a Department of Labor report.
The insurance trade groups will join under the umbrella of LL Global but each will keep its name.
Jason Kavanaugh, who purchased the shares, is an executive with Questar Capital Corp.
The wealth-management firm will launch an open-architecture platform with O.N. Investment Management Co.
The Hartford announced today that it is purchasing Boston-based Sun Life Retirement Services Inc.
A 37-year veteran of the life insurance industry, Daniel J. Toran, 59, spent 12 years with the Horsham, Pa.-based company.
Investors Capital Advisory Services, the registered investment adviser of Investors Capital Holdings, has formed a strategic partnership with Biondo Investment Advisors, an institutional money manager.
The producer price index increased 3.2% in November, as energy prices hit a record high according to a Department of Labor report.
H&R Block will record $74.8 million in restructuring charges related to shutting down its Option One Mortgage division.
The United States is operating on an unsustainable federal budget that is bound to seriously damage the economy, the Congressional Budget Office said.
The Fidelity Charitable Gift Fund will launch a program with Campus Compact to educate and inspire young people to get involved in philanthropy.
The Hartford announced plans today to acquire TopNoggin, a technology firm based in Powell, Ohio.
Under the program, RIAs working with Fidelity will have access to affordable medical, dental and vision insurance.
Assets in individual retirement accounts grew 16.5% in 2006 to a record $4.23 trillion, according to EBRI.
MetLife will now distribute its retail-deferred income annuity through the carrier’s independent distribution arm.
